Mergers & Acquisitions

News Feed

Why Ukraine needs Russia's terminal defeat – not just deterrence

Five years into the full-scale conflict, it has become clear that the model of strategic deterrence – the "steel porcupine" that Ursula von der Leyen often invokes when speaking about Ukraine –  offers no guarantee of resilience and long-term peace. The "steel porcupine" model assumes that, given Russia's significant resource advantage, Ukraine's only realistic strategy is to build a defense so strong that continued aggression becomes prohibitively costly for Russia. However, as of 2026, this

Ukrainian servicemen firing toward Russian positions near Bakhmut, Donetsk Oblast, Ukraine, on March 21, 2023.
News Feed